HMO’S

HMO stands for House In Multiple Occupation, this is described under Sections 254
And 257 of the Housing Act 2004. The HMO Can be a building if it is:-

  • A house split into bedsits
  • A house or flat share where each tenant has their own tenancy agreement
  • Students living in shared accommodation
  • DSS tenants sharing one property on separate tenancy agreements

Empire Commercial Finance can help you with the funding to fund such a project, not all Banks lend their money on such projects, however we have a number of different High Street Banks and Specialist Lenders we can introduce you to who will be happy to assist you with your new project.



Normal Documents a Lender would like to see to assess an application:-


  • Property Portfolio, to include Addresses of Properties, Current Value, Out Standing Debts.
  • 3 months Personal & 3 Months Rental Bank Statements.
  • Lenders Application Form.
  • Income & Expenditure Document.
  • Last 3 years accounts or tax returns/SA 302 document.

Typical Deal for a HMO Mortgage


  • 75% loan to Value (LTV)
  • Rates from 2.9% + Base Rate. (maybe cheaper for experienced Landlords)
  • No Early Repayment Charge.
  • Set Up Fees added to the Mortgage, subject to LTV
Speak to a Commercial Mortgage Specialist


Previous Tab Next Tab

Testimonials

Small Haulage Firm
Rob Styles Merseyside

This self-employed driver worked for one haulage company and had achieved a turnover of £160k pa. Rob worked during the day in his


Read More

Testimonials

Electrical & Mechanical Contractors
Steven Buckley S&S Electrical

This Electrical Contractor was established to undertake contracts for large end users and main contractors.


Read More

Testimonials

General Printer
ELS Printing services. Manchester.

Difficulties were encountered when the directors moved into publishing; with further losses materialising through


Read More

OUR SERVICES

Commercial
Mortgages

Bad Credit
Finance